sean kennedy is project manager for the tep has a presentation, an informational presentation to give an update. >> good afternoon, mr. kennedy. >> good afternoon directors. my name is sean kennedy and i'm the planning manager for the tep, the transit effectiveness project. and i'm here to offer an update on where we are with the program and then discuss our outreach efforts coming up over the next 6-8 months. you know, san francisco is a wonderful city, and it deserves a world-class transit system. since 2006 we have been working with the community, as well as this board, transit operators, and other stakeholders to put a plan together to develop a system that will accomplish that. but we are faced with three big obstacles. one, we have an aging infrastructure. we have the oldest -- one of the oldest fleets in the country transit vehicle-wise. two, we have a dense and congested city, we're the second densest city in the united states, besides new york city and we operate in a con strained right-of-way. a lot of competing interest for space and roadway space and there is really no roo